Record the two journal entries that should be recorded by Swifty Inc. for the sales transactions above that took place on July $1,2025.($Round present value factor calculations to $5$ decimal places, eg$.1\mathrm{.}25124$ and final answers to $0$ decimal places, e$.$g$.5,275.$ If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.$)$

No$.$

Date

Account Titles and Explanation

Debit

Credit

July $1,$

Cash

Land

Discount on Notes Payable

Gain on Disposal of Land

July $1,2025$

Notes Receivable

Discount on Notes Receivable